Dissolution of representative offices of foreign traders in Vietnam
The provisions of Commercial Law 2005, Article 16 provides for foreign traders conducting commercial activities in Vietnam: Representative offices of foreign traders in Vietnam operate under the provisions of Vietnamese law in matters relate to. Therefore, the dissolution of foreign representative offices must also comply with the provisions of Vietnamese law on self-procedures and procedures.
Table of contents
Hide
Cases of dissolution of representative offices of foreign traders:
According to foreign traders’s request;
When a foreign head office terminates its operation in accordance with the laws of the country or territory where it has established or registered its business.
Past the operational term of 05 years under the Representative Office License without renewal
License of Representative Office was revoked
Foreigners, representative offices no longer meet one of the conditions specified in Article 7 of Decree 07/2016/ND-CP to establish representative offices.
Dissolution dossier of representative offices of foreign traders:
Notice of the termination of operation of the Representative Office by the Ministry of Industry and Trade signed by authorized representatives of foreign traders.
List of creditors and unpaid debts, including tax debts and social insurance premiums;
The list of workers and their respective current rights
Original License for establishing Representative Office
A copy of the License Issuing Authority’s document not renewing the Representative Office Establishment License or a copy of the Decision to revoke the Representative Office License (in case of not renewing the license)
Procedures for dissolution of representative offices of foreign traders
Step 1: Perform procedures to terminate the tax code at the tax office directly managing
Dossiers of invalidation of tax identification numbers include:
Declaration of invalidation of tax code
Written termination of representative office activities with the above reasons
Step 2: Tax finalization for the head of the foreign representative office and the staff at the representative office.
Step 3: Pay the seal at police office PC64 of provincial / municipal police.
Step 4: Submit the application for termination of the Representative Office directly at the Department of Industry and Trade or via http://dangkyquamang.dkkd.gov.vn
Processing time limit
Within 05 working days from the date of receiving complete and valid dossiers, the License Issuing Authority shall publish on its website about termination of the Representative Office’s operation.
Viet An Law is always ready to exchange and support customers with necessary information. Please contact Viet An Law Firm for specific consultancy
Investment policy approval is the competent state agency’s approval of the project’s objectives, location, scale, progress, and duration; investor or form of investor selection and special mechanisms and policies (if…
Vinh Phuc is a province that is depended on the Red River Delta region, is a province which is located in the Hanoi Capital region planning, a Northern Center Economic…
The labor relationship has a process of arising, changing or terminating when certain legal events occur. If entering into a labor contract is the first step in creating a labor…
In an increasingly developing market economy, industrialization, and modernization, cars have become familiar vehicles in Vietnam. Accordingly, the car repair and warranty service technology industry is also an appealing business…
Pharmaceuticals have an extremely important and indispensable position and role in social life. Presently, pharmaceuticals are not just a common commodity but have become an essential need of life. Pharmaceuticals…
